-------------------------------------------------------------------------------------------------------------------------
      name:  <unnamed>
       log:  /Users/ssaiegh/Files/Mac/UCSD/Carnahan/Shocks/Replication Files/Table 3.log
  log type:  text
 opened on:   6 Aug 2021, 09:33:40

. /*Load Data File*/;
. use "results_sp_argentina_2020.dta";

. /*Panel A: Excluding Holiday Closures*/;
. ttest ratio_dol==0 if F.event==1 & F.holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |     111    .0140644    .0331964     .349746   -.0517232    .0798519
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   0.4237
Ho: mean = 0                                     degrees of freedom =      110

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.6637         Pr(|T| > |t|) = 0.6726          Pr(T > t) = 0.3363

. ttest ratio_dol==0 if event==1 & holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |     111    .3884943     .084339    .8885664    .2213542    .5556344
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   4.6063
Ho: mean = 0                                     degrees of freedom =      110

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 1.0000         Pr(|T| > |t|) = 0.0000          Pr(T > t) = 0.0000

. ttest ratio_dol==0 if F.steward==1 & F.holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      53    .0524167    .0521594    .3797262   -.0522488    .1570822
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   1.0049
Ho: mean = 0                                     degrees of freedom =       52

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.8402         Pr(|T| > |t|) = 0.3196          Pr(T > t) = 0.1598

. ttest ratio_dol==0 if steward==1 & holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      53    .4943435    .1340141    .9756371    .2254246    .7632624
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   3.6887
Ho: mean = 0                                     degrees of freedom =       52

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9997         Pr(|T| > |t|) = 0.0005          Pr(T > t) = 0.0003

. ttest ratio_dol==0 if F.steward==1 & F.gov_change==0 & F.holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      41    .0926118    .0644705    .4128126   -.0376879    .2229115
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   1.4365
Ho: mean = 0                                     degrees of freedom =       40

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9207         Pr(|T| > |t|) = 0.1586          Pr(T > t) = 0.0793

. ttest ratio_dol==0 if steward==1 & gov_change==0 & holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      41    .4191092    .1357686    .8693429    .1447107    .6935077
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   3.0869
Ho: mean = 0                                     degrees of freedom =       40

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9982         Pr(|T| > |t|) = 0.0037          Pr(T > t) = 0.0018

. ttest ratio_dol==0 if F.gov_change==1 & F.case!=3671 & F.case!=3799 & F.holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      16   -.1334167    .0355427    .1421707   -.2091741   -.0576592
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =  -3.7537
Ho: mean = 0                                     degrees of freedom =       15

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.0010         Pr(|T| > |t|) = 0.0019          Pr(T > t) = 0.9990

.  ttest ratio_dol==0 if gov_change==1 & case!=3671 & case!=3799 & holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      16    .7061277     .282236    1.128944    .1045559      1.3077
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   2.5019
Ho: mean = 0                                     degrees of freedom =       15

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9878         Pr(|T| > |t|) = 0.0244          Pr(T > t) = 0.0122

.  ttest ratio_dol==0 if F.gov_change==1 & F.case!=3671 & F.case!=3799 & F.dem_change==0 & F.holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |       8   -.0874476    .0673617    .1905277   -.2467327    .0718376
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =  -1.2982
Ho: mean = 0                                     degrees of freedom =        7

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.1177         Pr(|T| > |t|) = 0.2354          Pr(T > t) = 0.8823

.  ttest ratio_dol==0 if gov_change==1 & case!=3671 & case!=3799 & dem_change==0 & holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |       8     .807982    .3836391    1.085095   -.0991804    1.715144
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   2.1061
Ho: mean = 0                                     degrees of freedom =        7

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9634         Pr(|T| > |t|) = 0.0732          Pr(T > t) = 0.0366

.  ttest ratio_dol==0 if F.dem_change==1 & F.holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |       8   -.1793858    .0165138     .046708   -.2184346   -.1403369
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t = -10.8628
Ho: mean = 0                                     degrees of freedom =        7

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.0000         Pr(|T| > |t|) = 0.0000          Pr(T > t) = 1.0000

. ttest ratio_dol==0 if dem_change==1 & holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |       8    .6042735    .4373154    1.236915   -.4298133     1.63836
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   1.3818
Ho: mean = 0                                     degrees of freedom =        7

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.8952         Pr(|T| > |t|) = 0.2095          Pr(T > t) = 0.1048

. ttest ratio_dol==0 if F.elec==1 & F.holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      28    .0209896    .0790333     .418205   -.1411734    .1831526
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   0.2656
Ho: mean = 0                                     degrees of freedom =       27

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.6037         Pr(|T| > |t|) = 0.7926          Pr(T > t) = 0.3963

. ttest ratio_dol==0 if elec==1 & holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      28    .4204956    .1685476      .89187    .0746645    .7663266
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   2.4948
Ho: mean = 0                                     degrees of freedom =       27

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9905         Pr(|T| > |t|) = 0.0190          Pr(T > t) = 0.0095

. ttest ratio_dol==0 if F.terror==1 & F.holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      24   -.0356576    .0404972    .1983951   -.1194325    .0481173
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =  -0.8805
Ho: mean = 0                                     degrees of freedom =       23

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.1938         Pr(|T| > |t|) = 0.3877          Pr(T > t) = 0.8062

. ttest ratio_dol==0 if terror==1 & holiday==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      24    .1358281    .1482155    .7261049   -.1707792    .4424353
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   0.9164
Ho: mean = 0                                     degrees of freedom =       23

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.8155         Pr(|T| > |t|) = 0.3690          Pr(T > t) = 0.1845

. /*Panel B: Excluding Holiday and Weekend Closures (Except Elections and Planned Succesions)*/;
. ttest ratio_dol==0 if F.event==1 & F.holiday==0 & F.week_no_elec==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      66     .008735     .048884    .3971358   -.0888931    .1063632
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   0.1787
Ho: mean = 0                                     degrees of freedom =       65

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.5706         Pr(|T| > |t|) = 0.8587          Pr(T > t) = 0.4294

. ttest ratio_dol==0 if event==1 & holiday==0 & week_no_elec==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      66    .3917728    .1120869    .9105987    .1679197    .6156259
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   3.4953
Ho: mean = 0                                     degrees of freedom =       65

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9996         Pr(|T| > |t|) = 0.0009          Pr(T > t) = 0.0004

. ttest ratio_dol==0 if F.steward==1 & F.holiday==0 & F.week_no_elec==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      25    .0697402    .0914122    .4570611   -.1189254    .2584058
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   0.7629
Ho: mean = 0                                     degrees of freedom =       24

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.7735         Pr(|T| > |t|) = 0.4529          Pr(T > t) = 0.2265

. ttest ratio_dol==0 if steward==1 & holiday==0 & week_no_elec==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      25    .4978226    .2202432    1.101216     .043263    .9523822
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   2.2603
Ho: mean = 0                                     degrees of freedom =       24

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9834         Pr(|T| > |t|) = 0.0332          Pr(T > t) = 0.0166

. ttest ratio_dol==0 if F.steward==1 & F.gov_change==0 & F.holiday==0 & F.week_no_elec==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      15    .1648097    .1432915    .5549655   -.1425199    .4721394
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   1.1502
Ho: mean = 0                                     degrees of freedom =       14

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.8653         Pr(|T| > |t|) = 0.2693          Pr(T > t) = 0.1347

. ttest ratio_dol==0 if steward==1 & gov_change==0 & holiday==0 & week_no_elec==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      15    .2495428    .2138309    .8281635   -.2090789    .7081644
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   1.1670
Ho: mean = 0                                     degrees of freedom =       14

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.8686         Pr(|T| > |t|) = 0.2627          Pr(T > t) = 0.1314

. ttest ratio_dol==0 if F.gov_change==1 & F.case!=3671 & F.case!=3799 & F.holiday==0 & F.week_no_elec==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      12   -.1255479    .0468607    .1623301   -.2286876   -.0224083
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =  -2.6792
Ho: mean = 0                                     degrees of freedom =       11

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.0107         Pr(|T| > |t|) = 0.0214          Pr(T > t) = 0.9893

.  ttest ratio_dol==0 if gov_change==1 & case!=3671 & case!=3799 & holiday==0 & week_no_elec==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      12    .8588577    .3664765    1.269512    .0522483    1.665467
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   2.3436
Ho: mean = 0                                     degrees of freedom =       11

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9805         Pr(|T| > |t|) = 0.0389          Pr(T > t) = 0.0195

.  ttest ratio_dol==0 if F.gov_change==1 & F.case!=3671 & F.case!=3799 & F.dem_change==0 & F.holiday==0 & F.week_no_elec=
> =0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |       5   -.0618616    .1103919    .2468437   -.3683585    .2446354
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =  -0.5604
Ho: mean = 0                                     degrees of freedom =        4

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.3026         Pr(|T| > |t|) = 0.6051          Pr(T > t) = 0.6974

.  ttest ratio_dol==0 if gov_change==1 & case!=3671 & case!=3799 & dem_change==0 & holiday==0 & week_no_elec==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |       5    1.189681    .5522311    1.234826   -.3435587     2.72292
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   2.1543
Ho: mean = 0                                     degrees of freedom =        4

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9512         Pr(|T| > |t|) = 0.0975          Pr(T > t) = 0.0488

.  ttest ratio_dol==0 if F.dem_change==1 & F.holiday==0 & F.week_no_elec==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |       7   -.1710382    .0164529    .0435302   -.2112969   -.1307795
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t = -10.3956
Ho: mean = 0                                     degrees of freedom =        6

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.0000         Pr(|T| > |t|) = 0.0000          Pr(T > t) = 1.0000

. ttest ratio_dol==0 if dem_change==1 & holiday==0 & week_no_elec==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |       7    .6225556    .5045269    1.334853   -.6119773    1.857089
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   1.2339
Ho: mean = 0                                     degrees of freedom =        6

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.8683         Pr(|T| > |t|) = 0.2634          Pr(T > t) = 0.1317

. ttest ratio_dol==0 if F.elec==1 & F.holiday==0 & F.week_no_elec==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      28    .0209896    .0790333     .418205   -.1411734    .1831526
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   0.2656
Ho: mean = 0                                     degrees of freedom =       27

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.6037         Pr(|T| > |t|) = 0.7926          Pr(T > t) = 0.3963

. ttest ratio_dol==0 if elec==1 & holiday==0 & week_no_elec==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      28    .4204956    .1685476      .89187    .0746645    .7663266
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   2.4948
Ho: mean = 0                                     degrees of freedom =       27

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9905         Pr(|T| > |t|) = 0.0190          Pr(T > t) = 0.0095

. ttest ratio_dol==0 if F.terror==1 & F.holiday==0 & F.week_no_elec==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      10   -.1196106    .0383967     .121421   -.2064699   -.0327512
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =  -3.1151
Ho: mean = 0                                     degrees of freedom =        9

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.0062         Pr(|T| > |t|) = 0.0124          Pr(T > t) = 0.9938

. ttest ratio_dol==0 if terror==1 & holiday==0 & week_no_elec==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      10    .0264105     .068628    .2170207   -.1288368    .1816578
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   0.3848
Ho: mean = 0                                     degrees of freedom =        9

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.6454         Pr(|T| > |t|) = 0.7093          Pr(T > t) = 0.3546

. /*Panel C: Excluding Holiday and All Weekend Closures*/;
. ttest ratio_dol==0 if F.event==1 & F.holiday==0 & F.weekend==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      34    .0194526    .0693296    .4042574   -.1215995    .1605047
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   0.2806
Ho: mean = 0                                     degrees of freedom =       33

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.6096         Pr(|T| > |t|) = 0.7808          Pr(T > t) = 0.3904

. ttest ratio_dol==0 if event==1 & holiday==0 & weekend==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      34    .2878452     .138129    .8054234    .0068197    .5688707
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   2.0839
Ho: mean = 0                                     degrees of freedom =       33

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9775         Pr(|T| > |t|) = 0.0450          Pr(T > t) = 0.0225

. ttest ratio_dol==0 if F.steward==1 & F.holiday==0 & F.weekend==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      22    .1037399    .1019315     .478101   -.1082382     .315718
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   1.0177
Ho: mean = 0                                     degrees of freedom =       21

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.8398         Pr(|T| > |t|) = 0.3204          Pr(T > t) = 0.1602

. ttest ratio_dol==0 if steward==1 & holiday==0 & weekend==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      22    .3623235    .2031569    .9528905   -.0601645    .7848114
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   1.7835
Ho: mean = 0                                     degrees of freedom =       21

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9555         Pr(|T| > |t|) = 0.0890          Pr(T > t) = 0.0445

. ttest ratio_dol==0 if F.steward==1 & F.gov_change==0 & F.holiday==0 & F.weekend==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      15    .1648097    .1432915    .5549655   -.1425199    .4721394
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   1.1502
Ho: mean = 0                                     degrees of freedom =       14

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.8653         Pr(|T| > |t|) = 0.2693          Pr(T > t) = 0.1347

. ttest ratio_dol==0 if steward==1 & gov_change==0 & holiday==0 & weekend==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      15    .2495428    .2138309    .8281635   -.2090789    .7081644
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   1.1670
Ho: mean = 0                                     degrees of freedom =       14

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.8686         Pr(|T| > |t|) = 0.2627          Pr(T > t) = 0.1314

. ttest ratio_dol==0 if F.gov_change==1 & F.case!=3671 & F.case!=3799 & F.holiday==0 & F.weekend==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |       8   -.1042489    .0701792    .1984967   -.2701962    .0616985
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =  -1.4855
Ho: mean = 0                                     degrees of freedom =        7

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.0905         Pr(|T| > |t|) = 0.1810          Pr(T > t) = 0.9095

.  ttest ratio_dol==0 if gov_change==1 & case!=3671 & case!=3799 & holiday==0 & weekend==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |       8    .7512374    .3939167    1.114165   -.1802276    1.682702
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   1.9071
Ho: mean = 0                                     degrees of freedom =        7

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9509         Pr(|T| > |t|) = 0.0982          Pr(T > t) = 0.0491

.  ttest ratio_dol==0 if F.gov_change==1 & F.case!=3671 & F.case!=3799 & F.dem_change==0 & F.holiday==0 & F.weekend==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |       5   -.0618616    .1103919    .2468437   -.3683585    .2446354
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =  -0.5604
Ho: mean = 0                                     degrees of freedom =        4

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.3026         Pr(|T| > |t|) = 0.6051          Pr(T > t) = 0.6974

.  ttest ratio_dol==0 if gov_change==1 & case!=3671 & case!=3799 & dem_change==0 & holiday==0 & weekend==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |       5    1.189681    .5522311    1.234826   -.3435587     2.72292
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   2.1543
Ho: mean = 0                                     degrees of freedom =        4

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9512         Pr(|T| > |t|) = 0.0975          Pr(T > t) = 0.0488

.  ttest ratio_dol==0 if F.dem_change==1 & F.holiday==0 & F.weekend==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |       3   -.1748944    .0367954    .0637315   -.3332123   -.0165766
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =  -4.7532
Ho: mean = 0                                     degrees of freedom =        2

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.0208         Pr(|T| > |t|) = 0.0415          Pr(T > t) = 0.9792

. ttest ratio_dol==0 if dem_change==1 & holiday==0 & weekend==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |       3    .0204989    .0674048    .1167485   -.2695204    .3105182
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   0.3041
Ho: mean = 0                                     degrees of freedom =        2

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.6051         Pr(|T| > |t|) = 0.7898          Pr(T > t) = 0.3949

. ttest ratio_dol==0 if F.terror==1 & F.holiday==0 & F.weekend==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      10   -.1196106    .0383967     .121421   -.2064699   -.0327512
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =  -3.1151
Ho: mean = 0                                     degrees of freedom =        9

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.0062         Pr(|T| > |t|) = 0.0124          Pr(T > t) = 0.9938

. ttest ratio_dol==0 if terror==1 & holiday==0 & weekend==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
ratio_~l |      10    .0264105     .068628    .2170207   -.1288368    .1816578
------------------------------------------------------------------------------
    mean = mean(ratio_dol)                                        t =   0.3848
Ho: mean = 0                                     degrees of freedom =        9

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.6454         Pr(|T| > |t|) = 0.7093          Pr(T > t) = 0.3546

. /*Panel D: Intraday Asset Prices*/;
. gen tr_1=max(high,L.close);

. gen tr_2=min(low,L.close);

. gen true=(tr_1-tr_2)/L.close;
(1 missing value generated)

. replace true=. if case_id<6698;
(6,696 real changes made, 6,696 to missing)

. gen ratio=log(true/L.true);
(6,698 missing values generated)

. ttest ratio==0 if F.event==1;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
   ratio |      50    .0032099    .1083649    .7662555   -.2145575    .2209773
------------------------------------------------------------------------------
    mean = mean(ratio)                                            t =   0.0296
Ho: mean = 0                                     degrees of freedom =       49

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.5118         Pr(|T| > |t|) = 0.9765          Pr(T > t) = 0.4882

. ttest ratio==0 if event==1;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
   ratio |      50    .4278384    .1384424    .9789359    .1496279    .7060489
------------------------------------------------------------------------------
    mean = mean(ratio)                                            t =   3.0904
Ho: mean = 0                                     degrees of freedom =       49

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9984         Pr(|T| > |t|) = 0.0033          Pr(T > t) = 0.0016

. ttest ratio==0 if F.steward==1;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
   ratio |      27    .0739947    .1481832    .7699827   -.2306003    .3785897
------------------------------------------------------------------------------
    mean = mean(ratio)                                            t =   0.4993
Ho: mean = 0                                     degrees of freedom =       26

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.6891         Pr(|T| > |t|) = 0.6217          Pr(T > t) = 0.3109

. ttest ratio==0 if steward==1;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
   ratio |      27    .5142176    .2072667    1.076989    .0881749    .9402603
------------------------------------------------------------------------------
    mean = mean(ratio)                                            t =   2.4809
Ho: mean = 0                                     degrees of freedom =       26

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9901         Pr(|T| > |t|) = 0.0199          Pr(T > t) = 0.0099

. ttest ratio==0 if F.steward==1 & F.gov_change==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
   ratio |      20   -.0559229    .1770541      .79181   -.4265014    .3146556
------------------------------------------------------------------------------
    mean = mean(ratio)                                            t =  -0.3159
Ho: mean = 0                                     degrees of freedom =       19

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.3778         Pr(|T| > |t|) = 0.7556          Pr(T > t) = 0.6222

. ttest ratio==0 if steward==1 & gov_change==0;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
   ratio |      20    .6247012     .271316    1.213362    .0568303    1.192572
------------------------------------------------------------------------------
    mean = mean(ratio)                                            t =   2.3025
Ho: mean = 0                                     degrees of freedom =       19

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9836         Pr(|T| > |t|) = 0.0328          Pr(T > t) = 0.0164

. ttest ratio==0 if F.gov_change==1 & F.case!=3671 & F.case!=3799;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
   ratio |       9    .3592824    .2052252    .6156756   -.1139678    .8325325
------------------------------------------------------------------------------
    mean = mean(ratio)                                            t =   1.7507
Ho: mean = 0                                     degrees of freedom =        8

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9409         Pr(|T| > |t|) = 0.1181          Pr(T > t) = 0.0591

.  ttest ratio==0 if gov_change==1 & case!=3671 & case!=3799;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
   ratio |       9    .0252638    .1807683    .5423048   -.3915886    .4421161
------------------------------------------------------------------------------
    mean = mean(ratio)                                            t =   0.1398
Ho: mean = 0                                     degrees of freedom =        8

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.5538         Pr(|T| > |t|) = 0.8923          Pr(T > t) = 0.4462

.  ttest ratio==0 if F.dem_change==1;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
   ratio |       7    .2497949    .1831461    .4845589   -.1983473    .6979372
------------------------------------------------------------------------------
    mean = mean(ratio)                                            t =   1.3639
Ho: mean = 0                                     degrees of freedom =        6

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.8892         Pr(|T| > |t|) = 0.2215          Pr(T > t) = 0.1108

. ttest ratio==0 if dem_change==1;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
   ratio |       7   -.0614758    .2017427     .533761   -.5551224    .4321708
------------------------------------------------------------------------------
    mean = mean(ratio)                                            t =  -0.3047
Ho: mean = 0                                     degrees of freedom =        6

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.3854         Pr(|T| > |t|) = 0.7709          Pr(T > t) = 0.6146

. ttest ratio==0 if F.elec==1;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
   ratio |      20   -.1041701    .1804094    .8068153   -.4817713    .2734311
------------------------------------------------------------------------------
    mean = mean(ratio)                                            t =  -0.5774
Ho: mean = 0                                     degrees of freedom =       19

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.2852         Pr(|T| > |t|) = 0.5704          Pr(T > t) = 0.7148

. ttest ratio==0 if elec==1;

One-sample t test
------------------------------------------------------------------------------
Variable |     Obs        Mean    Std. Err.   Std. Dev.   [95% Conf. Interval]
---------+--------------------------------------------------------------------
   ratio |      20    .4773034     .182458    .8159771    .0954144    .8591924
------------------------------------------------------------------------------
    mean = mean(ratio)                                            t =   2.6160
Ho: mean = 0                                     degrees of freedom =       19

    Ha: mean < 0                 Ha: mean != 0                 Ha: mean > 0
 Pr(T < t) = 0.9915         Pr(|T| > |t|) = 0.0170          Pr(T > t) = 0.0085

. log c;
      name:  <unnamed>
       log:  /Users/ssaiegh/Files/Mac/UCSD/Carnahan/Shocks/Replication Files/Table 3.log
  log type:  text
 closed on:   6 Aug 2021, 09:33:40
-------------------------------------------------------------------------------------------------------------------------
